If you already have some math skills etc it is not hard to pick up on the evaluation phase but the real details are in the operations and to operate you need to have some core principals which drive the type of product or service you are providing. 

Start by laying a strong foundation with simple systems and standard operating procedures (SOPs).

Even if there is no a law or contract where you operate, I hope you can find better agents!

We are a new business considering investing in the Danville VA downtown area. I grew up on the outskirts of Danville but have been gone about 15 years. We are looking for rockstar team members including real estate ag...

Step 1: Pull the Core Property Info (5 mins)I grab the listing from the MLS, Zillow or Redfin and jot down:Asking priceEstimated market rent (cross-check Rentometer + Craigslist/Zillow comps)Taxes, insurance, HOA (if any)Square footage and condition (rough rehab estimate)Year built, bed/baths, lot size💡 Pro tip: Bookmark a few rent comp tools and create a deal template in Excel or Google Sheets to speed this up.Step 2: Estimate Income & Expenses (10 mins)Income:Monthly Rent: Estimate conservatively.Other income: Laundry, pet rent, storage?

Additionally, rent control (and related restrictions) may prevent you from choosing the best tenant, limit your ability to increase rents to keep pace with inflation, and dramatically increase operational costs.Never invest in a high-crime city.

The rest is systems, operations, and execution.

As you begin you REI journey make sure to build a team around you, or like Brandon Turner from the BP podcast says - your CORE 4 1.Contractor2.Deal Finder3.Money guy 4.Property ManagerYou can find 3 of the 4 here on BP.

The DFW market has a lot going for it—but if cash flow is your primary objective, it’s worth looking beyond the core metro area.

Makes the place look so much bigger.I don't like the 6-panel doors and the price for nicer, hollow core doors isn't much more and worth the price.